Brazil to raise biodiesel blend to 3% on 1 July

14 March 2008 22:23  [Source: ICIS news]

HOUSTON (ICIS news)--Brazil will raise its mandated biodiesel blend to 3% from 2% to further reduce the country’s dependence on imports of regular diesel, a ministry of agriculture official said on Friday.

The 2% blend requirement, which went into effect on 1 January, has already saved Brazil some $410m ($262m) in diesel imports, the official said.

Brazil now imports 5% of its 40bn litres/year diesel consumption.

Brazil’s mandated biodiesel blend level will jump to 5% in 2013 under legislation approved in 2005.

Biodiesel consumption in Brazil is expected to total 840m litres this year, according to government estimates.

Brazil has installed capacity to produce 2.5bn litres/year of the biofuel, the ministry of agriculture said.

($1 = €0.64)

Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels

By: William Lemos
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